Meridith Marshall Leases Mixed-Use Space To Max Deals At 1562 Fulton Street Brooklyn
1562 Fulton Street
$350,000
$350,000/SF
Building Size
9,800 SF
Asset Type
Mixed-use
Closing
Sep 29, 2025
AI
The property involved in this transaction is a mixed-use asset located at 1562 Fulton Street in Brooklyn. The tenant, Max Deals, has signed a lease for the premises, which previously housed a Dollar Tree, with a total area of 9,800 square feet. The asking rent for the property is set at $35 per square foot. The lease term is established for a duration of 15 years and is classified as a Full Service Gross lease.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $343,000 (calculated as $35/ft for 9,800 SF)
- Address: 1562 Fulton Street
- Market: Brooklyn
- Landlord: Meridith Marshall
- Tenant: Max Deals
- Brokers: Richard Senior & Esther Bukai - Ripco
- Lease Term: 15 Years
- Lease Type: Full Service Gross
- Note: Former Dollar Tree space
Richard Senior and Esther Bukai, from Ripco, represent the landlord in this transaction. Their involvement is essential in facilitating the terms and negotiations leading to the successful lease agreement with Max Deals, ensuring that both the interests of the landlord and tenant are aligned throughout the process.
Players
Brooklyn Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
45.32%
Cash-on-Cash
-12.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93